Background : “IQ” is a stale test meant to measure mental capacity but in fact mostly measures extremeunintelligence (learning difficulties), as well as, to a lesser extent, a form of intelligence, stripped of 2nd order effects. It is via negativa not via positiva. It is meant to select exam-takers, paper shufflers, obedient IYIs (intellectuals yet idiots), ill adapted for “real life”.

“IQ” measures an inferior form of intelligence, stripped of 2nd order effects, meant to select paper shufflers, obedient IYIs. 1- When someone asks you a question in REAL LIFE, you focus first on “WHY is he asking me that?”, which slows down. (Fat Tony vs Dr John)

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Essayist and former trader Nassim Taleb explores the notion that “Skin in the Game” is necessary for fairness, commercial efficiency, and risk management, and key to making sense of the world at large.